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Centrica PLC Director's Dealing 2022
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 1247Q
Centrica PLC
24 June 2022
Centrica plc (the "Company")
24 June 2022
Notification of Transactions of Directors
The Company announces the following transactions in respect of the Company's Ordinary Shares of 614/81 pence ("Shares") relating to Executive Directors.
The following notifications, made pursuant to Article 19 of the Market Abuse Regulation, provide further details.
Grant of Awards
Restricted Share Plan (RSP) awards of Shares were granted on 23 June 2022 to two Executive Directors.
The awards were granted under the terms of the Centrica Long Term Incentive Plan.
Release of the RSP awards is subject to continued employment and the satisfaction of an underpin, assessed over the three-year period 2022 to 2024. In assessing the underpin, the Remuneration Committee will consider the Company's overall performance including financial and non-financial performance measures over the course of the vesting period, as well as any material risk or regulatory failures identified. Financial performance will include elements such as revenue, profitability, shareholder experience and return on capital. Non-financial performance will include a range of operational and strategic measures critical to the Company's long-term sustainable success. Post vesting, the Shares are subject to a mandatory additional two-year holding period.
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name(s)
Chris O'Shea
2
Reason for the notification
a)
Position/status
Executive Director
b)
Initial notification/Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Centrica plc
b)
LEI
E26EDV109X6EEPBKVH76
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial
instrument, type of instrument
Identification code
Ordinary Shares of 614/81 pence
GB00B033F229
b)
Nature of the transaction
Grant of RSP Award under the Centrica Long Term Incentive Plan.
The number of Shares calculated by reference to a price of 79.6p, being the average of the Company's Share price over the five trading days immediately preceding the date of grant.
c)
Price(s) and volume(s)
| Price | Volume |
| 79.6p | 1,496,336 |
d)
Aggregated information
- Aggregated volume
- Price
1,496,336
79.6p
e)
Date of the transaction
23 June 2022
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name(s)
Kate Ringrose
2
Reason for the notification
a)
Position/status
Executive Director
b)
Initial notification/Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Centrica plc
b)
LEI
E26EDV109X6EEPBKVH76
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial
instrument, type of instrument
Identification code
Ordinary Shares of 614/81 pence
GB00B033F229
b)
Nature of the transaction
Grant of RSP Award under the Centrica Long Term Incentive Plan.
The number of Shares calculated by reference to a price of 79.6p, being the average of the Company's Share price over the five trading days immediately preceding the date of grant.
c)
Price(s) and volume(s)
| Price | Volume |
| 79.6p | 724,033 |
d)
Aggregated information
- Aggregated volume
- Price
724,033
79.6p
e)
Date of the transaction
23 June 2022
f)
Place of the transaction
Outside a trading venue
Centrica plc is listed on the London Stock Exchange (CNA)
Registered Office: Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD
Registered in England & Wales number: 3033654
Legal Entity Identifier number: E26EDV109X6EEPBKVH76
ISIN number: GB00B033F229
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